V R Films & Studios was incorporated on December 31, 2007. The company is engaged in the business of providing complete localization services for the television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audiobooks, games and TV programs in regional and international languages.
| Bidding Dates |
|---|
| 12 Apr 2019 - 18 Apr 2019 |
| Subscription |
|---|
| 1.53x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 2000 | 372.0 K | ₹61 | 72.89 % | ₹22.7 M | RHP DOC |
V R Films & Studios IPO SUBSCRIPTION STATUS
18 Apr '19V R Films & Studios IPO overall subscription rate was 1.53 times the total available shares
V R Films & Studios IPO retail subscription rate was 1.56 times in the retail segment
V R Films & Studios IPO non-institutional investor subscription rate was 1.5 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
16 Apr 2019 (Day 3) | 0.59x | 1.24x | - |
18 Apr 2019 (Day 4) | 1.56x | 1.5x | - |
12 Apr 2019 (Day 1) | 0.05x | 0.61x | - |
15 Apr 2019 (Day 2) | 0.39x | 1.13x | - |
V R Films & Studios FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 7MFY19 | 3.4 | 36.2 | -11.1 | -11.4 |
| FY18 | 9.8 | 127.8 | 11.7 | 10.4 |
| FY17 | 2.7 | 60.6 | 14.1 | 9.3 |
| FY16 | 0.3 | 62.3 | 7.5 | 6.9 |
V R Films & Studios IPO SUBSCRIPTION STATUS DETAILS
V R Films & Studios had 372.0 K shares on offer
V R Films & Studios IPO offer price was ₹61
V R Films & Studios IPO minimum Investment was ₹122000
V R Films & Studios IPO issue size was ₹ 22.7 M
V R Films & Studios had a minimum lot size of 2000 Shares per application
V R Films & Studios NUMBER OF SHARES ON OFFER
V R Films & Studios IPO IMPORTANT DATES
| Issue Open Date | 12 Apr 2019 |
| Issue close Date | 18 Apr 2019 |
| Allotment Date | 23 Apr 2019 |
| Refund Date | 24 Apr 2019 |
| Demat Account Credit Date | 25 Apr 2019 |
| Listing Date | 30 Apr 2019 |
| Listing on Exchange(s) | BSE |
| V R Films & Studios Allotment Status | Exchange |
V R Films & Studios IPO subscription opened on 12 Apr 2019, and closed on 18 Apr 2019
IPO allotment for V R Films & Studios was finalized on Tuesday, 23 Apr 2019
IPO listing for V R Films & Studios was on BSE on Tuesday, 30 Apr 2019
V R Films & Studios IPO LISTING GAINS
| Issue Price (adjusted) | 7.6 |
| Listing Open Price | 62.0 |
| Listing Close Price | 60.0 |
| Listing Gain% | 1.6% |
| Current Gain% | 92.4% |
V R Films & Studios Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| V R Films & Studios Ltd. | 14.7 | 2 | -23.2 | -0.3 | 1.5 | 10.9 | 5.5 | 12.1 | -3.3 | 1 | 125.8 | -0.6 | 70.8 |
| Prime Focus Ltd. | 287.6 | 22397.5 | 148.4 | 0.8 | 4.6 | 14.4 | 2.8 | 4783.4 | 25 | 301.4 | 179.9 | 1.9 | 177 |
| PVR INOX Ltd. | 1156 | 11351.9 | 25.5 | 0.1 | 1.7 | 4.5 | 2.1 | 6903.9 | 16 | 333.6 | 219.3 | 45.3 | 387 |
| Saregama India Ltd. | 519.2 | 10010.7 | 45.4 | 5.5 | 9.6 | 12.2 | 8.9 | 1026.9 | -16.5 | 207.1 | 1.4 | 11.4 | 8.2 |
| Tips Music Ltd. | 645.4 | 8249.6 | 38.4 | 1.4 | 20.9 | 83.4 | 59.9 | 394.3 | 19.6 | 216.7 | 30.1 | 16.8 | 27.1 |
| Panorama Studios International Ltd. | 48.3 | 1198.2 | 86.1 | -1.3 | 3.9 | 4.5 | 1.2 | 317.4 | -13.9 | 10 | -76.2 | 0.6 | -66 |
V R Films & Studios INFORMATION ON IPO ISSUE
About V R Films & Studios
V R Films & Studios was incorporated on December 31, 2007. The company is engaged in the business of providing complete localization services for the television, film and digital industry, which consists of dubbing, mixing, subtitling, content editing and content localization services for movies, documentaries, audiobooks, games and TV programs in regional and international languages.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet the issue expenses
V R Films & Studios - PROMOTERS
| Name |
|---|
| Manish Satprakash Dutt, |
| Krishi Satprakash Dutt |
| Pawan Kumar Dutt |
V R Films & Studios Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
V R Films & Studios Registrar to the Offer
Link Intime India Private Limited
vrfilms@linkintime.co.in
V R Films & Studios Strengths
Well equipped with advance technology
The company is well equipped with all the advanced equipment as needed in the industry which provides it the edge over its competitors
Marque clientele
The company has worked with a large number of marque clients which includes Viacom 18 Media Private Limited, Bangla Entertainment Pvt. Ltd, Discovery Communications India, Paramount Pictures Corporation, Paramount Pictures International Limited, etc.
Wide number of languages dubbed
The company has experience of dubbing various languages including various international languages
V R Films & Studios Risks
Subject to shifts in tastes and preferences
The entertainment industry is subject to shifts in tastes and preferences of audiences and changing consumer tastes and preferences may compromise the ability to predict which films will be popular with audiences
Contractual arrangements
The business is dependent on the contractual arrangements entered into by the company and many of client contracts can be terminated with or without cause by providing notice and without termination-related penalties
IPO FAQs
V R Films & Studios Ltd. IPO listing opened at Rs 62.00 while the issue price was Rs 61.00 giving 1.64% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 7.63 giving 92.40% gains since its IPO listing.
The promoters of the company are Manish Satprakash Dutt,, Krishi Satprakash Dutt and Pawan Kumar Dutt.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 61.0 - 61.0.
The IPO application opens on Apr 12, 2019 and closes on Apr 18, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Apr 23, 2019.
The refund will be credited to your account on Apr 24, 2019.
The allotted shares will be credited to your demat on Apr 25, 2019.
V R Films & Studios Ltd.’s shares listed on the stock exchanges on Apr 30, 2019.